Ethereum holdings by public firms top $1.5 billion as shift from Bitcoin accelerates
2025-07-17 18:10:59
Main Idea
Public companies have shifted over $1.5 billion from Bitcoin to Ethereum, reflecting a growing institutional preference for Ethereum due to its yield-generating potential and broader utility in DeFi and smart contracts.
Key Points
1. Public companies like BTC Digital Ltd (BTCT), BitMine Immersion (BMNR), and Bit Digital (BTBT) have collectively added over $1.5 billion in Ethereum holdings.
2. BitMine Immersion now holds over $1 billion in ETH, aiming to control 5% of Ethereum’s total supply.
3. BTC Digital Ltd and Bit Digital have fully divested from Bitcoin, reallocating their holdings into Ethereum as part of a strategic shift.
4. Ethereum’s market capitalization surpassed $420 billion, driven by institutional inflows and regulatory clarity in the U.S. crypto market.
5. Analysts project strong institutional interest in Ethereum-based financial products, including Ethereum ETFs, alongside diversification into alternative tokens like Dogecoin.
Description
A growing number of publicly traded companies are aggressively accumulating Ethereum (ETH), adding over $1.5 billion in holdings and pushing the cryptocurrency’s market capitalisation beyond $420 billion. This shift marks a significant reallocation of digital asset reserves away from Bitcoin and toward Ethereum, as firms pursue returns from staking, decentralised finance (DeFi), and on-chain finance.
Latest News
- Congress passes landmark Stablecoin bill backed by Trump2025-07-17 21:26:28
- Ethereum holdings by public firms top $1.5 billion as shift from Bitcoin accelerates2025-07-17 18:10:59
- RGB protocol goes live on Bitcoin unlocking native support for stablecoins2025-07-17 17:06:03
- BitMine overtakes Ethereum Foundation with $1 billion ETH stockpile2025-07-17 16:49:02
- CRV hits 6-month high, DOT breaks out, Sonic launches Gemini-powered platform2025-07-17 16:04:14